Risk Assessment Tools in Decision Making

Essay specific features

 

Issue:

Business

 

Written by:

Sallie O

 

Date added:

June 21, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1494

 

Was viewed:

3238 times

 

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Essay content:

He states that "Risk Assessment is one way of making decisions, but it is not the only way, and it is not the best way." (Montague, date unknown, p.1) Decision making in itself carries a substantial amount of risk because decisions are made in a less-than-perfect world. One never has all the information possible (Harris, 1998) and every decision charts a course into an unknown future...
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However, there are times where the potential for injury to people, animals or the environment in that unknown future should be evaluated and be considered in the development of alternatives. It is particularly important in the determination of appropriate courses of action when introduction of new chemicals into an environment or population is being contemplated...
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